7020 Thomas Paine RdMidlandTX79706
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Midland at 7020 Thomas Paine Rd, Midland, TX, 79706 priced at $387,800 converts $3,514/mo rent into $756/mo cash flow after a $1,898/mo obligation. Total monthly income equals $3,514/mo, and annual cash flow totals $9,076/yr on $128,556 invested. Return on cash invested prints 26.97% in year one, and rental yield reads 10.87% against a $387,800 entry. Equity gained on principal adds $2,502/yr, while 5% annual appreciation compiles into $107,142 by year five. Five-year ROI reaches 141.92% and total cumulative return in cash sums $182,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,514/mo property income covering a $1,898/mo payment, not borrower’s personal income.
Single Family
Built in 2020
9,888 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79706, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,516 (100%) |
| Owner Occupied HU | 8,500 (67.9%) |
| Renter Occupied HU | 2,364 (18.9%) |
| Vacant Housing Units | 1,652 (13.2%) |
| Median Home Value | $344,937 |
| Average Home Value | $367,503 |
Housing Distribution
Address Breakdown
Residential
11,900
Single Family
10,862
Multi-Family
1,038
Businesses
1,008
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